General Liability Insurance – When Do I Need It?

General Liability Insurance covers many things as well as bodily injury and property damage. Essentially it covers you when you and your employees injure/damage someone else or their property. General liability, is individualized, so If you’re searching online quotes your information will be submitted to several companies from which a qualified agent in your area will review. You’ll need to talk to that agent you buy it from, to see what is covered. Here are some questions people are asking about when they are considering what type of general liability insurance coverage to get.

Selling Products At An Inside Space

The minimum amount of general liability Insurance is what you’ll need for a policy. The general liability will cover your standard slip and fall types of accidents. Before you set up at a inside space, the municipality will, without reservation, suggest that you carry minimum limits of liability. The municipality will also necessitate that they be added to your liability policy as extra insured and they will want you to supply a certificate of insurance showing these provisions have been met. In addition to the general liability you will want to add product liability coverage. Product liability is designed to cover you if someone alleges that they were sickened by using your product. A municipality may or may not require you to carry products liability. However, because you will be selling to grocery stores they will demand that you carry products liability and once again have themselves added as additional insureds. Corporate grocery stores (i.e. chains) will often require much higher limits of liability which would necessitate the need for an umbrella liability policy.

General Liability Insurance For Clients With Bad Credit

I know of an insurance company that will check your credit on a commercial policy. They only do on personal insurance. They may look at the financials of the business for rating purposes (gross sales, liabilities, salaries, etc) & they may also choose if they will cover you based on the extent of time you have been in business. If you have been in business less than a year, this will give you more difficulty locating coverage than your personal bad credit.

General Liability Insurance Issues

List of issues for any business to think about in analyzing the terms and conditions of a General Liability Insurance policy. Is the dollar amount of the coverage enough, Is the insurer financially sound, Are the premium payments reasonable, Is the deductible too large, does the policy protect against bodily injury to customers and guests on the company’s property, does the policy cover property damage caused by employees and third parties, does the policy cover personal injuries, does the policy cover advertising injury, does the policy cover issues that stem from the company’s products, or is a individual policy needed, does the insurer have a rock-solid history of paying claims on time. When evaluating quotes all these issues come into play.

Cost of General Liability Insurance

You will have to verify with an insurance agent or two in your own state. Prices differ by state, and the rates will be calculated on your income. Not all insurance companies are accepted by all states. Each independent agent will have a group of insurance companies that he/she can write for, so it’s to your advantage to try an independent agent for the the best General Liability Insurance.

Recommending Amazon Products on Squidoo

There are many ways to make money using Squidoo. A favorite way for many people is to recommend products for sale on Amazon which are related to your subject or niche. For example, if you have a lens built around Luke Skywalker from Star Wars, you can feature Skywalker action figures available for sale on Amazon. If you choose to use the Amazon modules on Squidoo, then you will most likely make 4.25% in commissions on your sale because Squidoo usually lands in the highest bracket for affiliate commissions on Amazon which is 8.5% on general products.

Many people like to use their own affiliate links for recommending available Amazon products, but once Squidoo axed the use of the Iframe, using your own affiliate links went the way of the dinosaurs. Squidutils.com then came along and added the ability to make your own links using their Amazon link building service. To use this service, you have to give up every 10th click on your affiliate link to Squidutils. It really isn’t a bad deal, but some commissions from your lens can be lost this way.

You can now set up your own Amazon RSS feeds for Squidoo with a small amount of work on the front end. You will first need to set up a generic Storestacker website which is real simple. Then you need to add a category to your site for the type of product you would like to feature. Once this is done, generate an RSS feed from your category, copy and paste it into the RSS module on your Squidoo lens.

The feeds produced by Storestacker and not as pretty as those generated at Squidutils; there has to be a way to make them look better and you can be sure that I will be searching for the solution.

Display Stands – An Inexpensive Way to Promote Your Products

An interesting and inexpensive way to attract and hold the interest of potential customers is an attractive display stand. Attractively displayed products are the first line of promotion when the customer walks into your shop or may be even before that. Many varieties of such stands are available to suit the needs and budgets of every business.

Those kinds of displays are an integral part of shops and trade show exhibits. A well designed and attractive they not only enhance the shopping experience but also make it easier to bring in potential customers. In fact this is the one thing that differentiates real shopping from online shopping.

A shopkeeper may decide to use simple display stands or even opt for elaborate ones. It is common place to opt for highly decorative and attractive displays on special occasions. The one thing that needs to be kept in mind is that the display should not distract from the displayed. A display stand is supposed to bring the product to the fore and not overshadow it.

Different types of stands can be used to display the products around the shop available in many styles sizes and shapes; they should not hinder the visual appeal of the products. When used creatively display stands can position the product uniquely. This does not mean that you can not opt for a fancy display, but it should be kept to the minimum.

These stands can be bought off the shelf or made to order. You can choose the design, material, color and even texture to suit your products. Different styles of stands are essential for different products. A jewellery shop cannot possibly use stands that are used by a shoe shop. They have to be customized to be able to display the chosen product with maximum advantage.

It is essential to choose stands that are durable as they are expected to last for years. Most businesses can not afford to change them frequently. This may not be the case for big businesses or chain stores. Consider your budget before you choose your stands. They can be inexpensive and yet very practical.

Since space is always at a premium a display stand should be able to make optimum use of it, so that maximum products may be displayed in an uncluttered and attractive manner.

The display stand should suit the nature of your business. You may want stands that allow easy access to the products or ones that hinder it. Shops selling general products like books, toys, groceries, household items etc. need display stands that let the customer handle the product personally whereas this may not be advisable for shops selling expensive items like jewelry and curios.

MLM Training – Lead with the Business or the Product? – Here’s What Gets the Best Result

This MLM training article reveals the answer to a common network marketing question: Do you lead with the business, the product, or both at the same time? When building your MLM business it depends on what your prospect has told you what they are interested in. Read on as I clarify these steps and how to find out exactly what will motivate your prospect.

Duane sent in this question:

“I had a chance to review Brilliant Compensation again and found the reference where Tim is talking about ‘How Sales Volume Moves’ using three gears to illustrate (Exploratory, Wholesale Consumption, and Retail). Under retail, he states “Also, another way I retail products is I show someone the business and the products and that person may say to me ‘I’m not interested in the business right now but I am interested in the product(s).’ Clearly Brilliant Compensation predates Professional Inviter where Tim states that you present either the business or the product but not both. So I’m curious as to why the change?”

Thanks for asking this question Duane–it gives me a chance to clarify this important issue.

As a rule, when explaining my MLM business I do not go into detail about the product. However, on occasion it’s somewhat impossible to explain the business to some people without explaining the product to them.

Meaning, some people are “product” people that believe that nothing else matters other than the product. This would be contrasted to someone who believes that the most important thing in selecting a business is that the company is going to stay in business long term–or the product is in front of large trends, etc.

I found when selling skin care in particular, the comment, “If I like it, then I can sell it” came up. Therefore the prospect needed to try the products and like (love) them before they would feel right about joining the business.

Some of those ended up being customers but not doing the business. So I have gotten some customers this way–not a lot–but some.

In weight management, I’ve heard similar comments like, “If I get results, then I can sell it.”

In these cases, during the explanation of how to achieve their needs/wants/don’t-wants, if one of these types of comments are made–go ahead and explain the product–but do so without using big words or slang words the prospect doesn’t understand. And, I prefer to keep the specifics of the product out of the explanation and only explain the general product category.

In summary, here is an MLM training nugget you should follow:

1. Greet prospect

2. Qualify–find out what they need/want or don’t want.

3. Invite them to look at something that will help them achieve step 2.

4. Handle any questions or objections

5. Close to action

6. Follow up/follow through. In the follow through step if they say something like, “I have to believe in the product…” Reply, “I respect that! So let’s get you some products to try.”

If they don’t say something like that, you should suggest it. That’s what leads you to getting them the product.

In Professional Inviter, when I say, “Present either your MLM business or the product but not both,” what I mean there is, when trying to get a customer don’t explain the product and then say, “…you can make money doing this.”

I’ve seen this kill the product sale because you’ve now introduced a LARGE thing for them to decide–THAT THEY NEVER ASKED FOR!

When you were first doing the Inviting Formula (the six steps above) and they stated they wanted to; “have better skin,” or “lose fat,”–that has nothing to do with making money–then you shouldn’t bring it up.

But, if while doing the Inviting Formula they say, “I want to make more money” and during the discussion they say, “I have to believe in the product”, then you help them get the product.

The bottom line to all of this, is that you must be very aware of what your prospect really needs and wants. I don’t recommend that you always present both the MLM business and product at the same time. The guidelines I shared above are the only times I will include both product and business in the same conversation.

The key is to only talk about and present what your prospect specifically needs and wants. Then, you show them how your MLM business or product will help them achieve it…and that’s exactly (and the only thing) you present.